PRESIDENT TINUBU RECONSTITUTES NNPC LIMITED BOARD, APPOINTS NEW CHAIRMAN, GROUP CEO. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE PRESIDENT TINUBU RECONSTITUTES NNPC LIMITED BOARD, APPOINTS NEW CHAIRMAN, GROUP CEO President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari.   President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.   The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.   Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.   Six board members, non-executive directors, represent the country's geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represe...
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WALE EDUN HOSTS EU ENVOY, PAVES WAY FOR EXPANDED TRADE, INVESTMENT. (PHOTOS). #PRESS RELEASE.

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 PRESS RELEASE


WALE EDUN HOSTS EU ENVOY, PAVES WAY FOR EXPANDED TRADE, INVESTMENT


In a significant step towards deepening economic cooperation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today in his office in Abuja, hosted the European Union (EU) Ambassador to Nigeria, Mr. Gautier Mignot, for a high-level discussions aimed at strengthening EU-Nigeria economic ties.


The meeting spotlighted the EU’s €1.3 billion investment portfolio in Nigeria, recent engagement by the European Bank for Reconstruction and Development (EBRD), and the Global Gateway Investment Strategy aimed at deepening Africa-Europe economic ties.


The discussions also highlighted strategic projects such as the Trans-Saharan Gas Pipeline and the National Single Window trade system, further aligning with Nigeria’s fiscal consolidation and infrastructure modernisation agenda.


Ambassador Mignot underscored the EU’s position as Nigeria’s largest trading partner and a major source of foreign direct investment. He proposed the creation of a formal trade and investment dialogue framework to unlock further opportunities through enhanced collaboration, particularly in infrastructure, green finance, and sustainable development.


HM Edun welcomed the initiative, reaffirming Nigeria’s commitment to macroeconomic stability, investor-friendly reforms, and digital transformation. He emphasized ongoing reforms to improve the ease of doing business, projected GDP growth of 4.6% by 2025, and rising trade surplus as key indicators of Nigeria’s economic progress.


Both parties expressed optimism about future engagements and reaffirmed their commitment to deepening a robust, mutually beneficial economic partnership.


As Nigeria continues to navigate the complexities of global economic dynamics, this renewed commitment to EU-Nigeria economic cooperation marks a significant step towards a more prosperous and sustainable future for the nation.


Signed 

Mohammed Manga FCAI

Director, Information and Public Relations 

March 27, 2025.

More photos below. 




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